🔓 June preview: $100 million token unlocks from Arbitrum and Aptos, plus APE, OP, and more

Here’s a preview of the significant token unlock events across the crypto space for the month of June. $100 million unlocks from Arbitrum and Aptos lead the pack, which includes significant unlocks from Optimism, StarkNet, ImmutableX, Apecoin, and more. 

June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of tokens at current prices.

Much of that sum is made up of dual $100 million unlocks from Ethereum  ETH -1.49% Layer network Arbitrum  ARB -2.81% and buzzy Layer 1 Aptos  APT -2.66%, though a wide variety of projects and protocols plan to unlock tokens in June. Here are all the significant unlocks coming up this month, according to Token Unlocks data. 

🔸 Aptos: June 12, $100 million

Aptos, one of two projects largely staffed by former members of Facebook's Libra currency project (the other one being Sui), will unlock another 2.59% of its circulating supply on May 12, 11.31 million tokens at a current value of around $100 million. 

🔸 ImmutableX: June 14, $55 million

Web3 gaming firm ImmutableX  IMX -3.62% will unlock 1.72% of its circulating supply, 25.5 million tokens at a current value of $55 million, on June 13. VanEck said last December that the release of Web3 games like Illuvium  ILV -2.85% could catapult ImmutableX into a top 25 token by market cap in 2024.  

🔸 StarkNet: June 15, $75 million

StarkNet  STRK +1.95%, the Ethereum Layer 2 network which unveiled its 2024 roadmap in March and promised to enhance throughput and reduce transaction fees, will unlock 64 million tokens on June 15, representing 5.6% of the token's circulating supply. The current value of the tokens is about $75 million. 

🔸 Arbitrum: June 16, $103 million

Arbitrum, which recently became the first Layer 2 network to hit $150 billion total volume on Uniswap, will unlock 3.2% of its circulating supply on June 16. The 92.6 million tokens have a current value of about $103 million.